Esko, a leader in packaging pre-production systems, reports continued business growth during the third quarter of 2006. Consolidated net revenues increased by 11 percent compared with the third quarter of last year. Eliminating sales from discontinued products to other markets, packaging revenues increased by 13 percent year-over-year.
New system sales (excluding services) grew by 29 percent compared with 2005. The EBITDA margin for the quarter was above 11 percent. During the first nine months of 2006, Esko’s packaging business grew year-over-year by more than 20 percent in Europe and by close to 15 percent in the North American and Asian markets.
“The continuation of our revenue growth in the third quarter indicates that Esko is capable of bringing the right integrated solutions to packaging designers and manufacturers worldwide, to help them take optimal advantage of new business opportunities in the market,” notes Carsten Knudsen, President and CEO.